Report on the formal election of American Bicycle Company officers -- Spalding as president, Colonel Pope overseeing production, and J.E. Bromley managing sales, with no general manager to be appointed -- together with a full published list of the roughly thirty companies absorbed into the combine. Also reports that machine prices are likely to rise two dollars once the company assumes control, and that a serious rift has opened with rubber-trust organizer Charles Flint, who may retaliate by cutting tire prices.
